While technology is making its presence felt in the legal space, enterprises are still a ways away from fully embracing it. According to a recent survey, more than half the businesses interviewed said that they aren’t using any contract management or automation tool, which explains why less than 50% of negotiated savings are typically realized over the life of a contact.
Contracts are a rich source of critical information on business relationships. This information needs to be leveraged to achieve better business outcomes. Given the sheer volumes involved and the accuracy needed, a manual approach is simply not going to work. That’s where the power of AI and automated contract management can help.
Download this whitepaper to discover how you can leverage the intelligence in your contracts for insights and better decision-making.
Attorney at Law Magazine is a national trade publication for and about private practice attorneys. The magazine brings information and news to the legal community as well as providing a platform to spotlight the people, events and happenings of the industry.